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Pricing the base good at a relatively low price - this approach allows easy entry by consumers (e.g. low-price consumer printer vs. high-price cartridge) Pricing the base good at a relatively high price to the complementary good - this approach creates a barrier to entry and exit (e.g., a costly car vs inexpensive gas)
In 1982 the U.S. Department of Justice Merger Guidelines introduced the SSNIP test as a new method for defining markets and for measuring market power directly. In the EU it was used for the first time in the Nestlé/Perrier case in 1992 and has been officially recognized by the European Commission in its "Commission's Notice for the Definition of the Relevant Market" in 1997.
Prices in the Kenyan shilling are written in the form of x/y, where x is the amount in shillings, while y is the amount in cents. An equals sign or hyphen represents zero amount. For example, 50 cents is written as "-/50" and 100 shillings as "100/=" or "100/‑". Sometimes the abbreviation KSh is prefixed for distinction. If the amount is ...
Drug companies raised prices on 910 name-brand drugs in January. The median price increase was 4.7%, the lowest increase in over a decade.
A product change notification (PCN) is a document issued by a manufacturer to inform customers about a change to a mass-produced product or its manufacturing process. In the semi-conductor industry, the JEDEC standard J-STD-046 describes the requirements for product change notifications and examples of types of changes that should be notified.
Price gouging is a pejorative term for the practice of increasing the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair by some. This commonly applies to price increases of basic necessities after natural disasters. Usually, this event occurs after a demand or supply shock.
The price of a Mega Millions ticket will more than double next year as part of an overhaul of the lottery game. Starting in April 2025, tickets will increase from $2 to $5, Mega Millions announced ...
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